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Strategy

Clinical Professor of Strategy

Portrait of Sarit Markovich, Faculty at the Kellogg School of Management

Sarit Markovich is a Clinical professor in the Strategy Department. She holds a bachelor's degree in computer science and economics, and a Ph.D. in economics from Tel Aviv University. Sarit did her Post-Doctoral at the Economics Department, at the University of Chicago. In 2001, she joined the Recanati School of Business Administration for 3 years, after which she moved to the Kellogg School of Management, Northwestern University. Her current research interests focus on strategic interactions in two-sided markets and FinTech markets.

  • Ph.D., 1999, Economics, Tel Aviv University
    MA, 1996, Economics, Tel Aviv University, with Distinction
    B.Sc., 1993, Computer Science & Economics, Tel Aviv University, with Distinction.
  • Clinical Professor, javascript:void(0), Kellogg School of Management, 2019-present
    Visiting Assistant Professor, Kellogg School of Management, Northwestern University, 2010-2012
    Assistant Professor, Arison School of Business, IDC Hertzliya, 2008-2012
    Visiting Assistant Professor, Kellogg School of Management, Northwestern University, 2004-2008
    Lecturer, Recanati School for Business Administration, Tel-Aviv University, 2001-2006
    Visiting Assistant Professor, Kellogg School of Management, Northwestern University, 2000-2001
    Post-Doctoral Fellowship, Economics, University of Chicago, 1999-2000
    Lecturer, Eitan Berglas School of Economics, Tel Aviv University, 1995-1998
  • Referee, Journal of Economics & Management Strategy, 2018
    Referee, RAND Journal of Economics, 2010
    Referee, American Economic Journal: Microeconomics, 2017
    Referee, Management Science, 2018
    Associate Editor, International Journal of Industrial Organization, 2010

FinTech Strategy: Innovations in Financial Services (STRTX-461-0)

Financial Technology (FinTech) firms are changing the type, frequency, and the way we use financial services. FinTech innovations have a great capacity to transform the financial system because many of these innovations are at a deeper level than traditional financial innovation. Blockchain, for example, can speed up clearing while keeping it secure, as opposed to an introduction of a new type of security which only changes small features of an existing product. While FinTech companies attract a lot of VC money, many of these initiatives will likely turn out to be not sustainable. In this course we will use economic frameworks that both new entrants and conventional financial institutions can use to differentiate the potential gold from the glitter. In addition, we will assess the viability of partnerships and other win-win strategies conventional financial institutions and new non-financial institutions can employ.